Ireland has Third-Highest Trade Surplus in EU

Ireland has recorded the third-largest trade surplus among EU member states for January, reaching €3.2 billion, according to figures released today by Eurostat.

It was behind Germany with its surplus of €13.1bn and the Netherlands at €4.2bn.

For the total Eurozone, the trade in goods balance with the rest of the world in February gave a €2.8bn surplus, compared with -€2.8bn in February 2011.

Seasonally adjusted exports rose by 2.4pc and imports by 3.5pc in February 2012 compared with January 2012.

EU27 exports to most of its major partners grew in January 2012 compared with January 2011, with the most notable increases recorded for exports to Russia (+25pc), Brazil (+24pc), Switzerland (+22pc) and South Korea (+20pc).

Sorcha Corcoran

Business & Leadership


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